Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Prime Minister Sanae Takaichi, Japan's first female leader since taking office in October 2025, dissolved the Lower House on January 23, triggering a snap general election on February 8</li>
<li>Positions the election as a referendum on her leadership and reflationary agenda.</li>
<li>A two-year suspension of the 8% consumption tax on food and beverages, have raised concerns over fiscal sustainability</li>
</ul>


Prime Minister Sanae Takaichi, Japan's first female leader since taking office in October 2025, dissolved the Lower House on January 23, triggering a snap general election on February 8
Positions the election as a referendum on her leadership and reflationary agenda.
A two-year suspension of the 8% consumption tax on food and beverages, have raised concerns over fiscal sustainability


Japan Strategy Weekly | Reflationary Push Amid Market Tensions

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Meta, Tesla and Microsoft all post big capex guidance beats which sets strong tone for JP SPE.</li>
<li>Lam Research numbers beat, while Advantest AH yesterday knocked it out of the park.</li>
<li>Seagate +19% will add fuel to the fire for HDD components and memory names.</li>
</ul>


Meta, Tesla and Microsoft all post big capex guidance beats which sets strong tone for JP SPE.
Lam Research numbers beat, while Advantest AH yesterday knocked it out of the park.
Seagate +19% will add fuel to the fire for HDD components and memory names.


Japan Morning Connection: Huge Earnings After Hours All Point to Increased AI Capex Spending

<ul>
<li>Seagate AH beats but stock slightly lower after its 500% gains since April.</li>
<li>Corning tie-up with Meta sends its 15.6% highs and sets a strong tone for JP wire and cable plays.</li>
<li>TXN +10% AH after earnings showed demand for industrial equipment and vehicles is beginning to rebound.</li>
</ul>


Seagate AH beats but stock slightly lower after its 500% gains since April.
Corning tie-up with Meta sends its 15.6% highs and sets a strong tone for JP wire and cable plays.
TXN +10% AH after earnings showed demand for industrial equipment and vehicles is beginning to rebound.


Japan Morning Connection: Micron Expanding NAND Capacity Does Little to Dent Sentiment for Peers

<ul>
<li>Snap election called as PM Takaichi seeks mandate for consumption tax suspension and ¥21tn stimulus, boosting approval but reviving concerns over fiscal expansion and rising debt.</li>
<li>BOJ held rates at 0.75%, upgraded growth forecasts on stimulus effects, watched yen weakness and inflation, while bond yields wobbled on election-driven fiscal worries. </li>
<li>Corporate Japan accelerates structural reform: divesting low-return assets, deepening US strategic ties, and facing stronger shareholder activism enforcing market discipline over renewed stimulus reliance.</li>
</ul>


Snap election called as PM Takaichi seeks mandate for consumption tax suspension and ¥21tn stimulus, boosting approval but reviving concerns over fiscal expansion and rising debt.
BOJ held rates at 0.75%, upgraded growth forecasts on stimulus effects, watched yen weakness and inflation, while bond yields wobbled on election-driven fiscal worries. 
Corporate Japan accelerates structural reform: divesting low-return assets, deepening US strategic ties, and facing stronger shareholder activism enforcing market discipline over renewed stimulus reliance.


Japan Strategy | Snap Elections and the Rise of Corporate Discipline

<ul>
<li>Massive capex numbers from TSMC set to propel JP SPE to new highs today.</li>
<li>Softbank is likely to continue to lag as ARM fails to catch a bid despite being -42% from recent highs.</li>
<li>The hottest momo names in JP last year have cooled, but there should be more upside yet.</li>
</ul>


Massive capex numbers from TSMC set to propel JP SPE to new highs today.
Softbank is likely to continue to lag as ARM fails to catch a bid despite being -42% from recent highs.
The hottest momo names in JP last year have cooled, but there should be more upside yet.


Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Japan

Furukawa Electric Co., Ltd. manufactures wires, cables, and metal products. The Company holds patents in optical fiber coating technology and produces optical fiber cables in the United States.  Furukawa Electric's metal products include aluminum cans, air conditioner parts, and shape memory alloys.

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52-week Range	0.00 - 0.00
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Furukawa Electric (5801 JP)

Japan Strategy Weekly | Reflationary Push Amid Market Tensions

Japan's first female Prime Minister calls snap election, framing it as a referendum on her leadership and economic policies, including a...

Mark Chadwick

Japan Morning Connection: Huge Earnings After Hours All Point to Increased AI Capex Spending

Meta is surging +11% after reporting 1Q sales guidance. Tesla plans to invest $2bn in Musk’s xAI. Expect whole SPE ecosystem in Japan to be sharply...

Andrew Jackson

Japan Morning Connection: Micron Expanding NAND Capacity Does Little to Dent Sentiment for Peers

Upbeat tone for Japan power and semi makers set by US peers. Market will be expecting Fanuc to be a major 'physical AI' play.

Andrew Jackson

Japan Strategy | Snap Elections and the Rise of Corporate Discipline

PM Takaichi calls snap election raising concerns over fiscal expansion and rising debt. BOJ holds rates, upgrades growth forecasts, as bond yields...

Mark Chadwick

Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Likely for Kioxia to hit new highs today with memory names trading well. Strong tone for JP SPE after US tarrifs on Taiwan were lowered.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Strategy Weekly | Reflationary Push Amid Market Tensions

​Japan's first female Prime Minister calls snap election, framing it as a referendum on her leadership and economic policies, including a...

Mark Chadwick

Japan Morning Connection: Huge Earnings After Hours All Point to Increased AI Capex Spending

Meta is surging +11% after reporting 1Q sales guidance. Tesla plans to invest $2bn in Musk’s xAI. Expect whole SPE ecosystem in Japan to be sharply...

Andrew Jackson

Japan Morning Connection: Micron Expanding NAND Capacity Does Little to Dent Sentiment for Peers

Upbeat tone for Japan power and semi makers set by US peers. Market will be expecting Fanuc to be a major 'physical AI' play.

Andrew Jackson

Japan Strategy | Snap Elections and the Rise of Corporate Discipline

​PM Takaichi calls snap election raising concerns over fiscal expansion and rising debt. BOJ holds rates, upgrades growth forecasts, as bond yields...

Mark Chadwick

Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Likely for Kioxia to hit new highs today with memory names trading well. Strong tone for JP SPE after US tarrifs on Taiwan were lowered.

Andrew Jackson

Japan's first female Prime Minister calls snap election, framing it as a referendum on her leadership and economic policies, including a...

PM Takaichi calls snap election raising concerns over fiscal expansion and rising debt. BOJ holds rates, upgrades growth forecasts, as bond yields...